European strategy team to join NewSmith

London, Wednesday, March 21, 2007

NewSmith Asset Management (NSAM), announces today that it is to appoint Jean Maigrot and Jeremy Silewicz as partners in the Firm. They will develop NewSmith’s first European equity strategy for launch during the second quarter of 2007.

Jean Maigrot has worked in European equity markets since 1986 and was formerly Head of Equity Proprietary Trading at ABN AMRO. Jeremy Silewicz was, until March last year, at Goldman Sachs, as a senior member of the pan-European Equity Research Sales team. He has worked in European equities since the mid-1980s.

Stephen Zimmerman, Chairman of NSAM, said: “We are looking forward to working with Jean and Jeremy. They are both highly competent financial professionals with over 20 years of experience in European markets. European equities will complement our existing stable of strategies in UK, Japanese and Asian equities, European credit, global macro and private equity.”

NSAM is part of NewSmith Capital Partners, an independent investment management and advisory firm established in 2003. At 28 February, 2007 the Firm had assets under management of $6.8 billion.